Nigerian Exchange Limited

Bearish Trend Continues on the Nigerian Stock Exchange Amid Profit-Taking

Published

4 years ago

February 4, 2021

Samed Olukoya

Bearish Trend Continues on the Nigerian Stock Exchange Amid Profit-Taking

The equities market closed in the red on Wednesday as investors continue to take profit after months of bullish runs.

The Nigerian Stock Exchange All-Share Index declined by 0.10 percent to close at 42,000.01 index points.

While the market value of listed stocks dipped to N21.971 trillion.

Investors traded 504.837 million shares valued at N5.310 billion in 5,887 transactions during the trading hours of Wednesday.

Ardova led gainers with 85 kobo or 4.96 profit while Zenith Bank followed with 65 kobo or 2.47 percent.

Top Gainers

Symbols	Last Close	Current	Change	%Change
ARDOVA	N17.15	N18	0.85	4.96%
ZENITHBANK	N26.3	N26.95	0.65	2.47%
ETERNA	N5.2	N5.6	0.4	7.69%
UNILEVER	N14.2	N14.6	0.4	2.82%
NCR	N3.12	N3.43	0.31	9.94%

Top Losers

Symbols	Last Close	Current	Change	%Change
FLOURMILL	N33	N32	-1	-3.03%
GUARANTY	N33.75	N33.05	-0.7	-2.07%
WAPCO	N28	N27.55	-0.45	-1.61%
CHAMPION	N3.76	N3.39	-0.37	-9.84%
ETI	N6.2	N5.9	-0.3	-4.84%

Top Trades by Volume

Symbols	Volume	Value
UBN	75,550,014	N434,420,724.15
GUARANTY	60,667,157	N2,010,439,413.60
FCMB	50,404,374	N173,546,396.18
TRANSCORP	44,350,533	N45,914,240.13
ZENITHBANK	31,504,267	N831,983,780.00

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.